Pepkor Holdings Ltd. will buy clothing and homeware brands Legit, Swagga, Style and Boardmans from Retailability Proprietary Ltd., giving Africa’s largest apparel retailer access to …
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Stores
Forever 21 to Close Stores in Bid to Mimic Online Rivals’ Model
If you can’t beat them join them. That’s the strategy behind saving the Forever 21 name as the last remaining stores are shuttered and the …
Australian Beauty E-Tailer to Open 25 Stores By 2028
On the heels of its first brick-and-mortar store opening in Melbourne, popular Australian beauty e-tailer Adore Beauty has partnered with technology company Tutch on an …
TikTok Goes Dark for US Users, App Stores Remove Platform
“A law banning TikTok has been enacted in the U.S.,” TikTok said in a notification on the platform to users late Saturday. “Unfortunately, that means …
Real Estate Can’t Save Department Stores
This week, Macy’s attracted the attention of activist investors. Again. Just a few months after fending off a bid from activist investors Arkhouse Management and …
Inside Department Stores’ Plans to Bring Beauty Customers Back
It was a bit like seeing an old friend who was also clearly a zombie — a mix of familiarity, affection and horror — when …
Bloomingdale’s CEO on the Future of American Department Stores
About a year into his tenure as Bloomingdale’s chief executive, Olivier Bron knows what’s ailing American department stores: too much focus on financial returns, and …
Walgreens Plans to Shutter 14% of US Stores Over Three Years
Walgreens Boots Alliance Inc plans to close 14 percent of its US stores to cut costs as consumers pull back spending. The drugstore chain said …
Sears Is Looking for Rent Relief on Last-Standing Stores
In its heyday, Sears dominated the US from its headquarters in Chicago, once the country’s tallest tower. The retailer won over patrons with mail-order catalogues …
The Debrief | Can Department Stores Save Themselves?
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Macy’s Plans 60 New Bluemercury Stores in 2019
CINCINNATI, United States — Macy’s Inc., pleased so far with the performance of Bluemercury, is pushing for more. The cosmetics brand, acquired by Macy’s for …
Todd Snyder Opens Stores Across California
Why the CFDA menswear designer of the year nominee has California on his mind Words by MAX BERLINGER Todd Snyder hails from Iowa and …
US Retail Sales Post Surprise Gain, Helped by Online Stores
US retail sales unexpectedly rose in August, supported by online purchases that masked more mixed results at other merchants. The value of retail purchases, unadjusted …
The Body Shop’s Remaining UK Stores Saved After Rescue Deal Agreed
Auréa, the growth capital firm founded by Jatania and former UBS, Credit Suisse and Merrill Lynch executive Paul Raphael, said it had bought all the …
Report: Ted Baker to Close All Remaining UK Stores, Permanently Shutter
Ted Baker is set to permanently close all 31 of its remaining UK stores in the coming week, following stalled negotiations between the brand’s owner, …
The Stores Defining a New Era of Multi-Brand Retail
When Laura Baker operated her own showroom for independent brands like Remi Relief, Han Kjobenhavn and Editions MR in the late 2000s, Barneys was often …
Innovation Won’t Save Department Stores. The Right Products Will.
For Terry Lundgren, a former CEO of Macy’s, talk of the possible extinction of department stores is a tale as old as time. Lundgren joined …
Inditex to Gradually Reopen Stores in Ukraine
Zara owner Inditex said on Friday it planned to gradually reopen stores in Ukraine from April 1, citing improved local market circumstances. The world’s largest …
The Body Shop to Close 75 Stores Across UK and Cut Hundreds of Jobs
The Body Shop is to close 75 stores across the UK in the next six weeks with the loss of 489 jobs, according to administrators …
Macy’s Forecasts Annual Sales Below Estimates, to Shutter 150 Stores
Macy’s forecast annual sales largely below market expectations on Tuesday on weak demand for its apparel and shoes, and said it would close 150 stores …